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Kazakhstan’s Int’l Finance Center Supports Crypto Innovation, Calls Regulation ‘Crucial’

The Astana International Financial Center believes crypto regulation is “crucial,” noting that it also supports fintech innovation in the crypto, blockchain space. The governor of Kazakhstan’s main financial hub has stated that while cryptocurrencies must be regulated, crypto and blockchain innovation will be supported, local news outlet Kazinform reports today, June 14. Speaking at the “Blockchain Conference Astana,” the Astana International Financial Center’s (AIFC)  governor Kairat Kaliyev said specifically that the AIFC is paying special attention blockchain and cryptocurrencies: “The problem of regulation of cryptocurrencies is being discussed very intensively.…
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Kazakhstan’s President Calls for International Cooperation in Crypto Regulation

The president of Kazakhstan calls on countries to work together to adapt crypto to the current financial system. Kazakhstan’s President Nursultan Nazarbayev has called for global cooperation for cryptocurrency regulation, local news outlet Azernews reported May 17. Speaking at the plenary session of the Global Challenges Summit 2018, Nazarbayev stated that “most countries are actively exploring the possibility of adapting cryptocurrency to the current configuration of financial systems.”…
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Three More Countries Join Planned Lawsuit Against Internet Giants For Banning Crypto Ads

Crypto and Blockchain associations of Switzerland, Kazakhstan, and Armenia have joined the upcoming lawsuit against social media giants banning crypto ads. Cryptocurrency and Blockchain organizations in Switzerland, Kazakhstan, and Armenia have recently joined those of Russia, China, and South Korea in filing a joint lawsuit against major Internet companies for banning crypto-related advertising, local Russian news outlet RNS reported Friday, April 6. The plans to file the joint lawsuit against tech giants Google, Twitter, and Facebook were first revealed on March 27.…
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Kazakh National Bank Considers Ban Of Crypto Trading, Mining In The Country

Kazakh National Bank brings up crypto exchange and mining ban, citing lack of regulation and potential for money laundering. Kazakhstan’s National Bank is considering banning exchanges of cryptocurrency for the national currency, the tenge, as well as crypto mining, local news outlet Sputnik reported March 30. Daniyar Akishev, the chairman of the National Bank, said that they are “taking a very conservative approach toward the matter, and it welcomes nothing but extremely tough restrictions”, stating: “Therefore, we want to ban the exchange of digital currencies for the national currency.…